5 States Where You Can Still Find A Great Deal on a Home

Even though the peak of the foreclosure crisis is long-gone, there are still some places with an abundance of deals to be had.

Matthew Frankel, CFP
Matthew Frankel, CFP
Apr 12, 2014 at 12:42PM

Are you thinking of buying a home, but worried that you missed the best opportunities to buy foreclosures for well below market value? Don't worry, there are still plenty of deals to be found, you just need to know where to look. With the process taking several years in some parts of the country, there are homes that have been sitting on banks' balance sheets coming on the market every day. Here are the hottest states for foreclosure activity according to the latest data, and a little information on each state's market.

But remember this...
When buying a foreclosure, its important to keep in mind that nothing is free. Foreclosures are cheap for a reason, and usually this reason is they need considerable work done. However, even when you take this into account, foreclosed homes are usually still a very good deal for those willing to put the "sweat equity" into the house!